Designed to assist offshore oil rigs, it cost around 2.97bn dollars to build. The world's largest crane ship, which is capable of lifting oil rigs, has set sail from its shipyard in South Korea ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

In the Permian Basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale basin, the rig count fell by six in the week to 298, the lowest since February 2022. That six ...